Based in San Diego, California, Sapphire Energy develops algae-based green crude oil. The company operates an R&D facility in Las Cruces, New Mexico, and is building the first Integrated Algal BioRefinery (IABR) in Columbus, New Mexico. Its Green Crude Farm, also known as the IABR, is a commercial demonstration-scale algae-to-energy facility that integrates cultivation, production and extraction of ready-to-refine Green Crude. Sapphire has announced partnerships and deals with Earthrise Nutritionals, The Linde Group and Monsanto. Leadership is headed by CEO Jason Pyle and president and chairman Cynthia J. Warner. The company has raised more than $300M to date and intends to use the latest capital to directly support its on-schedule commercial demonstration in Luna County, New Mexico.

Total raised

$144M

Funding rounds

1

Latest round

Series C

Latest activity

Apr 2012